Beijing Hanjian Heshan Pipeline Co.,Ltd. Posted 39.8 Million Yuan Net Loss in First Half of 2022

Beijing Hanjian Heshan Pipeline Co.,Ltd. (北京韩建河山管业股份有限公司) (603616.SH) reported a net loss of 39.8 million yuan in the first half of 2022, reversing a net profit of 29.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 146.8 million yuan in revenue, down 65.8% year-on-year.

At the end of the reporting period, it had 2.4 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 54.9%.